ASPOCOMP GROUP OYJ'S ANNUAL GENERAN MEETING'S DECISIONS

Aspocomp Group Oyj   Company Announcement  April 21, 2009 at 12:00
pm
 
ASPOCOMP GROUP OYJ'S ANNUAL GENERAN MEETING'S DECISIONS
 
The Annual General Meeting of Aspocomp Group Plc held on 21 April
2009 re-elected the current Board and decided that the remunerations
of the members of the Board will remain the same as in 2008. The
General Meeting also decided to amend the company's  Articles of
Association. Furthermore, the Meeting decided not to pay dividends
for 2009.
 
The Annual General Meeting decided to set the number of Board members
at three (3) and re-elected the current members of the Board: Johan
Hammarén, Tuomo Lähdesmäki, and Kari Vuorialho. The Meeting
re-elected PricewaterhouseCoopers Oy as the company's auditor for the
2009 financial year.
 
An annual remuneration of EUR 24,000 will be paid to the chairman of
the Board and EUR 12,000 to the other Board members. 60% of the
annual remuneration will be paid in cash and 40 % in company shares,
which will be acquired and distributed to Board members. EUR 1,000
per meeting will be paid to the chairman and EUR 500 per meeting to
the other members. The members of the Board residing outside of the
Greater Helsinki area are reimbursed for reasonable travel and
lodging expenses. The auditor will be paid according to invoice.
 
The Annual General Meeting decided to amend the Articles of
Association so that Articles 6 and 12 be deleted and the new Article
10 be amended to read as follows:
 
Article 10 The notice of meeting shall be delivered to the
shareholders at the earliest three (3) months and at the latest
twenty-one (21) days prior to the General Meeting by publishing the
notice on the company's website and, should the board of directors so
decide, in one widely circulated newspaper specified by the Board.
 
For further information, please contact Isto Hantila, CEO,
tel. +358 50 406 0656.
 
ASPOCOMP GROUP OYJ
 
Isto Hantila
President and CEO
 
Aspocomp: Innovative interconnection solutions for the electronics
industry
 
The Aspocomp Group offers and develops innovative interconnection
solutions for the electronics industry in close cooperation with its
customers. We are strongly positioned as a supplier of data
communications equipments and industry. We offer our global customers
a fast road to mass production through flexible and cost-effective
adaptation of new technologies.
 
The Aspocomp Group's production facility is located in Oulu, Finland.
In 2008, the Group's net sales stood at about EUR 21 million and it
had about 115 employees at the end of December, 2008.
 
Annex 1: New Articles of Association
 
ARTICLES OF ASSOCIATION OF ASPOCOMP GROUP PLC
 
I Trade Name, Domicile and Line of Business of the Company
 
Article 1
The trade name of the company is Aspocomp Group Oyj. The trade name
of the company in the English language is Aspocomp Group Plc. The
company is domiciled in Helsinki.
 
Article 2
The purpose of the company is to, itself or through its subsidiaries,
manufacture, trade, export, import and design components for the
electrical and electronic industries. The company centrally provides
for matters in relation to the administration, financing and
strategic planning of its group companies, as well as plans the
group's investments.
 
II Share Capital and Shares
 
Article 3
The shares of the company belong to a book-entry securities system.
 
III Administration of the Company
 
The Board of Directors
 
Article 4
The Board shall consist of no fewer than three (3) and no more than
eight (8) members. The term of office of the members of the Board
shall expire at the end of the ordinary general meeting of the
company following the election.
 
Article 5
The Board shall form a quorum when more than half of its members are
present and one of these is the Chairman or the Vice-chairman.
 
Right to Sign in the Name of the Company
 
Article 6
The company shall be represented by Board members, either two
together or with a person authorized to represent the company, or by
the President and CEO alone.
The Board may authorize other named persons to represent the company
such that they shall represent the company either two together or
with a Board member or the President and CEO.
 
IV Financial Statement and Auditors
 
Article 7
The financial period of the company shall be the calendar year.
 
Article 8
The company meeting shall elect one auditor to inspect the
administration and accounts of the company. The said auditor shall be
an auditing corporation approved by the Central Chamber of Commerce
of Finland. The term of office of the auditor shall expire at the end
of the ordinary general meeting following the election.
 
V Shareholders' Meeting
 
Article 9
The general meeting shall be held in Helsinki or Espoo. In order to
exercise his right to speak and vote at a company meeting, a
shareholder must register in the manner specified in the invitation
to the meeting. The closing date for registration shall be no sooner
than ten days before the meeting.
 
Article 10
The notice of meeting shall be delivered to the shareholders at the
earliest three (3) months and at the latest twenty-one (21) days
prior to the General Meeting by publishing the notice on the
company's website and, should the board of directors so decide, in
one widely circulated newspaper specified by the Board
 
Article 11
At the Annual General Meeting, the following shall be:
 
submitted:
1. financial statements, the consolidated financial statements and
the report of the Board of Directors,
2. the auditors' report,
 
decided:
3. adoption of the financial statements and consolidated financial
statements,
4. use of the profits shown in the balance sheet,
5. the release of the Board members and President and CEO from
liability,
6. remuneration of the Board members and auditor,
7. the number of Board members,
8. other matters stated in the Notice of Meeting,
 
elected:
9. members of the Board of Directors,
10.auditor.
 
Distribution:
NASDAQ OMX Helsinki
Major media
www.aspocomp.com
 
This announcement was originally distributed by Hugin. The issuer is 
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